For Sale
$899,000

106 Horton StZebulon, NC 27597

High-traffic, fully leased multi-tenant property.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully leased, two-story retail and office building located at 106 W Horton St, Zebulon, NC 27597. The property, built in 1914, encompasses 5,276 square feet on a 0.69-acre lot and is zoned CX. Currently boasting 100% occupancy with four tenants, each occupying 1,184 square feet, the building offers a strong net operating income (NOI) of $65,864, resulting in a 7.33% cap rate. The asking price is $899,000, translating to $170.39 per square foot. Situated in a high-traffic area with excellent frontage and visibility, this property benefits from its proximity to major employers including GlaxoSmithKline, Walmart Supercenter, Siemens Energy, and US Foods. Its convenient location, within 25 minutes of Downtown Raleigh and Research Triangle Park, and its accessibility via US-64/264, make it an attractive investment for discerning buyers. The building's multi-tenant structure provides diversification and stability, while the strong occupancy rate ensures immediate cash flow. This prime mixed-use property offers a compelling combination of location, income, and growth potential.

Highlights

  • Fully leased, two-story retail/office building with four 1,184 SF suites.
  • 5,276 SF building on a 0.69-acre lot, zoned CX.
  • $899,000 asking price ($170.39/SF), 7.33% cap rate, $65,864 NOI.
  • High-traffic location in Zebulon, NC, near major employers and highways (US-64/264).
  • 25 minutes from Downtown Raleigh and Research Triangle Park.

Property Details for 106 Horton St

Property type
Retail properties, Office properties
Square Feet
5,276 SF
Year Built
1914
Buildings
1
Stories
2
Lot Size (sq. ft)
30,056 SF
Units
4

Location Insight

City
Zebulon
County
Wake
State
North Carolina
Latitude
35.82193143
Longitude
-78.31380774
106 Horton St, Zebulon, North Carolina

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106 Horton St
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